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Opec producers
Update news Opec producers
Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong
Oil prices jumped more than 5 percent on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the U.S. dollar extended gains ahead of an expected rate hike this week.
US oil output set for sharpest fall since 1992, says industry body
The International Energy Agency (IEA) has predicted US oil output next year will see the steepest fall since 1992 thanks to low oil prices.
